Nigeria’s VAT collections hit N2.42 trillion in Q1 2026, up 10% – NBS

The aggregate Value Added Tax (VAT) stood at N2.42 trillion in the first quarter of 2026, according to the VAT Q1 2026 report released by the National Bureau of Statistics (NBS).

The report shows a 9.98 percent increase on a quarter-on-quarter basis from N2.20 trillion recorded in Q4 2025. Local VAT payments accounted for N1.11 trillion, foreign VAT payments contributed N830.47 billion, while import VAT added N477.55 billion during the quarter.
On a quarter-on-quarter basis, activities of households as employers and undifferentiated goods- and services-producing activities of households for their own use recorded the highest growth rate at 74.36 percent, followed by arts, entertainment, and recreation at 20.91 percent, and manufacturing at 12.82 percent.

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On the other hand, education recorded the lowest growth rate with a decline of 31.96 percent, followed by public administration and defense, compulsory social security at a decline of 31.38 percent, and activities of extraterritorial organisations and bodies at a decrease of 29.89 percent.

In terms of sectoral contributions, the top three activities with the largest shares in Q1 2026 were manufacturing at 29.75 percent, information and communication at 20.61 percent, and mining and quarrying at 12.32 percent.
Conversely, activities of households as employers, undifferentiated goods- and services-producing activities of households for their own use, recorded the lowest share at 0.01 percent, followed by activities of extraterritorial organisations and bodies at 0.02 percent and water supply, sewerage, waste management, and remediation activities at 0.06 percent.

Meanwhile, on a year-on-year basis, VAT collections in Q1 2026 increased by 17.06 percent from the corresponding period of 2025, reflecting continued growth in VAT revenue despite mixed performance across sectors of the economy.